Robocap Asset Management Ltd Grows Holdings in Datadog, Inc. (NASDAQ:DDOG)

Robocap Asset Management Ltd lifted its stake in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 16.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 59,960 shares of the company's stock after acquiring an additional 8,614 shares during the quarter. Datadog makes up approximately 4.4% of Robocap Asset Management Ltd's holdings, making the stock its 11th biggest position. Robocap Asset Management Ltd's holdings in Datadog were worth $5,949,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Putney Financial Group LLC bought a new position in shares of Datadog during the 4th quarter valued at approximately $32,000. Elequin Capital LP bought a new position in shares of Datadog during the 4th quarter valued at approximately $34,000. Coppell Advisory Solutions LLC grew its stake in shares of Datadog by 178.8% during the 4th quarter. Coppell Advisory Solutions LLC now owns 276 shares of the company's stock valued at $40,000 after acquiring an additional 177 shares during the period. Summit Securities Group LLC bought a new position in shares of Datadog during the 4th quarter valued at approximately $43,000. Finally, Itau Unibanco Holding S.A. grew its stake in shares of Datadog by 417.7% during the 4th quarter. Itau Unibanco Holding S.A. now owns 321 shares of the company's stock valued at $46,000 after acquiring an additional 259 shares during the period. 78.29% of the stock is currently owned by institutional investors.

Datadog Trading Up 0.7%

NASDAQ:DDOG traded up $0.92 during midday trading on Friday, hitting $138.41. 1,993,552 shares of the company traded hands, compared to its average volume of 4,964,096. The firm's fifty day moving average is $123.32 and its 200-day moving average is $120.99. Datadog, Inc. has a 12-month low of $81.63 and a 12-month high of $170.08. The firm has a market capitalization of $47.80 billion, a P/E ratio of 300.99, a P/E/G ratio of 78.97 and a beta of 1.03. The company has a current ratio of 2.74, a quick ratio of 2.74 and a debt-to-equity ratio of 0.34.

Datadog (NASDAQ:DDOG - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.04. Datadog had a return on equity of 6.39% and a net margin of 5.85%. The company had revenue of $761.55 million for the quarter, compared to analyst estimates of $741.73 million. During the same quarter in the prior year, the firm posted $0.44 EPS. Datadog's quarterly revenue was up 24.6% compared to the same quarter last year. On average, sell-side analysts predict that Datadog, Inc. will post 0.34 EPS for the current year.

Insider Activity at Datadog

In related news, CFO David M. Obstler sold 15,000 shares of the stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $147.43, for a total transaction of $2,211,450.00. Following the sale, the chief financial officer owned 399,270 shares in the company, valued at approximately $58,864,376.10. This represents a 3.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Shardul Shah sold 7,916 shares of the stock in a transaction on Monday, June 16th. The shares were sold at an average price of $120.86, for a total value of $956,727.76. Following the sale, the director owned 388,205 shares in the company, valued at $46,918,456.30. The trade was a 2.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 866,806 shares of company stock worth $104,910,027 in the last ninety days. Corporate insiders own 8.70% of the company's stock.

Wall Street Analyst Weigh In

DDOG has been the subject of several recent analyst reports. Guggenheim restated a "sell" rating and issued a $105.00 price target on shares of Datadog in a research note on Tuesday. Jefferies Financial Group restated a "buy" rating on shares of Datadog in a research note on Tuesday, May 6th. Wells Fargo & Company dropped their price target on Datadog from $140.00 to $115.00 and set an "equal weight" rating for the company in a research note on Wednesday, May 7th. Needham & Company LLC set a $140.00 price target on Datadog and gave the stock a "buy" rating in a research note on Thursday, June 12th. Finally, DA Davidson upped their price target on Datadog from $115.00 to $125.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. One analyst has rated the stock with a sell rating, five have given a hold rating and twenty-five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $144.27.

Datadog Profile

Datadog, Inc operates an observability and security platform for cloud applications in North America and internationally. The company's products comprise infrastructure and application performance monitoring, log management, digital experience monitoring, continuous profiler, database monitoring, data streams and universal service monitoring, network monitoring, incident management, workflow automation, observability pipelines, cloud cost and cloud security management, application security management, cloud SIEM, sensitive data scanner, and CI visibility.